Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) Short Interest Update

Invesco Dorsey Wright Developed Markets Momentum ETF (NASDAQ:PIZ) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 16,342 shares, a drop of 93.8% from the July 15th total of 262,889 shares. Based on an average trading volume of 93,399 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Willner & Heller LLC boosted its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 75.6% during the 2nd quarter. Willner & Heller LLC now owns 8,992 shares of the company’s stock worth $503,000 after buying an additional 3,872 shares during the period. NewEdge Advisors LLC increased its position in Invesco Dorsey Wright Developed Markets Momentum ETF by 13.6% in the 1st quarter. NewEdge Advisors LLC now owns 33,128 shares of the company’s stock valued at $1,641,000 after acquiring an additional 3,969 shares during the period. Royal Bank of Canada raised its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 6.1% during the first quarter. Royal Bank of Canada now owns 612,716 shares of the company’s stock valued at $30,342,000 after acquiring an additional 35,439 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 17.0% during the first quarter. Quantinno Capital Management LP now owns 13,279 shares of the company’s stock valued at $658,000 after acquiring an additional 1,925 shares during the last quarter. Finally, Greenline Wealth Management LLC lifted its holdings in shares of Invesco Dorsey Wright Developed Markets Momentum ETF by 10.8% during the first quarter. Greenline Wealth Management LLC now owns 36,734 shares of the company’s stock worth $1,819,000 after purchasing an additional 3,591 shares during the period.

Invesco Dorsey Wright Developed Markets Momentum ETF Price Performance

PIZ stock traded up $0.07 during midday trading on Tuesday, reaching $53.54. 13,389 shares of the stock were exchanged, compared to its average volume of 93,749. Invesco Dorsey Wright Developed Markets Momentum ETF has a 52 week low of $45.44 and a 52 week high of $59.47. The company has a fifty day moving average price of $54.02 and a 200 day moving average price of $53.90. The stock has a market capitalization of $752.24 million, a PE ratio of 18.27 and a beta of 1.11.

Invesco Dorsey Wright Developed Markets Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.4503 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, June 22nd.

About Invesco Dorsey Wright Developed Markets Momentum ETF

PowerShares DWA Developed Markets Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Developed Markets Technical Leaders Index (the Index). The Fund will normally invest at least 80% of its total assets in securities of developed economies within Dorsey Wright & Associates’ classification definition, excluding the United States companies listed on the United States stock exchange. This Index includes approximately 100 companies that possess relative strength characteristics and are domiciled in developed markets including, but not limited to, Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.